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03/10/2022
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By Mary Villareal
Price of wheat soars to record high as war between Russia and Ukraine continues
The war between Russia and Ukraine has already driven up gas prices. Now, the price for wheat has also surged to its highest level. Wheat price is now at a record $12.94 per bushel, up 70 percent over the last month, as measured by a futures contract on the Chicago Board of Trade. The conflict […]
10/14/2021
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By Mary Villareal
Global food prices hit highest levels in a decade
Worldwide food prices have reached their highest levels. According to the United Nations Food and Agriculture Organization (FAO), the food price index reached a 10-year high last month, reflecting the increased prices around the globe. The FAO’s food price index reached 130 points in September. This level has not been seen since 2011, and it represents […]
09/24/2021
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By Mary Villareal
Food prices increase as fertilizer costs surge
Prices for synthetic fertilizers are at their highest levels since the beginning of the financial crisis. This means that people can expect weaker harvests and increasing grocery bills in the next year as the world’s supply chains start to recover. Due to extreme weather, plant shutdowns and government sanctions, the chemical fertilizer market is slamming already struggling […]
09/08/2021
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By Mary Villareal
World food prices jump to record highs… with no end in sight
A new report from the Food and Agriculture Organization (FAO) noted that global food prices are on the rise to near-decade highs. The Rome-based organization released a statement that said after two consecutive months of declines, the world food prices jumped in August due to gains in sugar, vegetable oils, and cereals. Rise in price […]
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